Key Points
- Alphabet CAO Amie Thuener O'toole sold 955 shares on March 3 at an average price of $298 for proceeds of $284,590, reducing her holding by 8.78% to 9,918 shares; she also sold 933 shares on Feb 2 and 2,778 shares on Dec 15.
- Alphabet beat quarterly expectations with EPS of $2.82 versus $2.57 expected and revenue of $113.83B, announced a $0.21 quarterly dividend (annualized $0.84, 0.3% yield), and carries a consensus analyst rating of "Moderate Buy" with a $366.57 price target.
Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CAO Amie Thuener O'toole sold 955 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares of the company's stock, valued at $2,955,564. This represents a 8.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Amie Thuener O'toole also recently made the following trade(s):
- On Monday, February 2nd, Amie Thuener O'toole sold 933 shares of Alphabet stock. The stock was sold at an average price of $336.55, for a total value of $314,001.15.
- On Monday, December 15th, Amie Thuener O'toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $312.30, for a total value of $867,569.40.
Alphabet Stock Performance
Shares of NASDAQ:GOOGL traded down $2.75 during trading on Thursday, hitting $300.38. 8,250,588 shares of the stock were exchanged, compared to its average volume of 35,703,602. The company has a market capitalization of $3.63 trillion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $349.00. The company's fifty day simple moving average is $320.49 and its 200-day simple moving average is $284.90.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. Sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet's payout ratio is presently 7.77%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of GOOGL. AG Campbell Advisory LLC acquired a new stake in Alphabet in the fourth quarter worth about $3,596,000. Pure Financial Advisors LLC grew its position in shares of Alphabet by 0.5% during the 4th quarter. Pure Financial Advisors LLC now owns 59,897 shares of the information services provider's stock worth $18,748,000 after buying an additional 278 shares during the period. Valpey Financial Services LLC raised its stake in shares of Alphabet by 5.2% during the fourth quarter. Valpey Financial Services LLC now owns 1,017 shares of the information services provider's stock worth $318,000 after buying an additional 50 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Alphabet during the fourth quarter worth approximately $7,828,000. Finally, SHP Wealth Management acquired a new position in Alphabet in the fourth quarter valued at approximately $6,680,000. Institutional investors own 40.03% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on GOOGL. Piper Sandler reaffirmed an "overweight" rating and set a $395.00 price objective (up from $365.00) on shares of Alphabet in a report on Thursday, February 5th. Loop Capital increased their price objective on Alphabet from $320.00 to $355.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Wolfe Research boosted their target price on shares of Alphabet from $380.00 to $390.00 and gave the company an "outperform" rating in a research note on Friday, January 23rd. BNP Paribas Exane started coverage on shares of Alphabet in a report on Monday, November 24th. They issued an "outperform" rating and a $355.00 target price on the stock. Finally, KeyCorp set a $370.00 price target on shares of Alphabet and gave the company an "overweight" rating in a report on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $366.57.
Read Our Latest Research Report on GOOGL
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Strong AI/cloud thesis: analysts and industry reports highlight rising AI spending and Google Cloud’s revenue growth as key long‑term drivers for Alphabet, supporting the stock’s growth narrative. Gartner Says AI Spending Will Hit $2.5 Trillion
- Positive Sentiment: Fortnite/Play Store distribution restored: Epic’s Fortnite will return to Google Play worldwide, removing a distribution hurdle and normalizing app availability and engagement. Fortnite to return to Google Play worldwide
- Positive Sentiment: Strategic energy partnership: Google is part of an ESS Tech pilot (Project New Horizon) testing utility‑scale energy storage — a positive for Google’s infrastructure resilience and sustainability efforts. ESS Tech enters Project New Horizon
- Neutral Sentiment: Insider transactions: a director sold a small stake (~112 shares) and the CAO sold 955 shares; filings are routine but noted by the market. SEC filing — insider sales
- Neutral Sentiment: Coverage & visibility: multiple outlets (Zacks, MarketBeat) spotlight Alphabet as a top growth/AI stock — supportive for investor interest but not immediate price catalyst. Zacks commentary
- Negative Sentiment: Play Store settlement lowers take rate: Alphabet agreed to drop Play Store commissions to 20% (with an extra 5% if developers use Google billing) — a potential near‑term revenue headwind despite resolving litigation. Google settles with Epic Games
- Negative Sentiment: Gemini legal risk and reputational damage: a wrongful‑death lawsuit alleges harmful instructions from Google’s Gemini chatbot — a serious legal and PR overhang for Alphabet’s AI business. Gemini wrongful-death suit
- Negative Sentiment: Waymo safety probes: multiple NTSB and local investigations into Waymo vehicles passing stopped school buses and other incidents raise regulatory and deployment risks for the autonomous‑driving unit. NTSB Waymo incidents
- Negative Sentiment: Macro/geopolitical pressure: U.S.–Iran tensions and resulting tech pullback (office closures, regional disruptions) are weighing on large-cap tech sentiment broadly, including Alphabet. Tech offices respond to U.S.-Iran war
Alphabet Company Profile
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Get Free Report)
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
Further Reading
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